Robin Hood tax

[BrilloPad]

Labour conference: John McDonnell to push for 'Robin Hood tax' - BBC News

John McDonnell looks set to use his first Labour conference speech as shadow chancellor to push for a "Robin Hood tax" on stock market trading.

New York was the world financial centre until the early 1960s and they introduced a similar tax. London never looked back. Until now....

[SpontaneousOrder]

Labour conference: John McDonnell to push for 'Robin Hood tax' - BBC News

John McDonnell looks set to use his first Labour conference speech as shadow chancellor to push for a "Robin Hood tax" on stock market trading.

New York was the world financial centre until the early 1960s and they introduced a similar tax. London never looked back. Until now....

Ragnar Danneskjold: "But I’ve chosen a special mission of my own. I’m after a man whom I want to destroy. He died many centuries ago, but until the last trace of him is wiped out of men’s minds, we will not have a decent world to live in."

Hank Rearden: "What man?"

Ragnar: "Robin Hood."

Ragnar: ". . . [Robin Hood] is not remembered as a champion of property, but as a champion of need, not as a defender of the robbed, but as a provider of the poor. He is held to be the first man who assumed a halo of virtue by practicing charity with wealth which he did not own, by giving away goods which he had not produced, by making others pay for the luxury of his pity. He is the man who became a symbol of the idea that need, not achievement, is the source of rights, that we don’t have to produce, only to want, that the earned does not belong to us, but the unearned does. He became a justification for every mediocrity who, unable to make his own living, had demanded the power to dispose of the property of his betters, by proclaiming his willingness to devote his life to his inferiors at the price of robbing his superiors. It is this foulest of creatures – the double-parasite who lives on the sores of the poor and the blood of the rich – whom men have come to regard as the moral idea."

". . . Do you wonder why the world is collapsing around us? That is what I am fighting, Mr. Rearden. Until men learn that of all human symbols, Robin Hood is the most immoral and the most contemptible, there will be no justice on earth and no way for mankind to survive."

[Jog On]

Makes sense - they can definitely afford it.

Haven't they been trying to implement this in Europe for a while to some serious pushback from CMD and Gideon?

Wall St is still going strong and their HFT bots don't seem bothered by it

[BlasterBates]

The New York financial transaction tax was suspended, it's no longer collected.

[GlenW]

Does this mean Hector is going to wear green tights?

[vetran]

Does this mean Hector is going to wear green tights?

no it means its not just CMD who will shout "Squeal little piggy"

[LondonManc]

no it means its not just CMD who will shout "Squeal little piggy"

Not sure Hameron is that thick to think that a dead pig would squeal?

[vetran]

Not sure Hameron is that thick to think that a dead pig would squeal?

Is there any truth that not SamCam gets her bacon wrapped in brown paper?

[LondonManc]

Is there any truth that not SamCam gets her bacon wrapped in brown paper?

In the quiet words of the Virgin Mary... come again?

[MicrosoftBob]

Has he categorically denied whether the tax will be used to fund the IRA yet ?